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<p>[QUOTE=&quot;fatima, post: 1499121, member: 22143&quot;]With few exceptions, I&#039;m not aware of any world central bank openly making significant sales of gold.&nbsp; In the case of the Federal Reserve, it officially holds no gold.&nbsp;&nbsp; If does hold gold certificates backed by the US Treasury&#039;s gold in Ft. Knox and other depositories.&nbsp;&nbsp; </p><p><br /></p><p>On the other hand, if a country was short of gold and wanted gold then it really has no choice to head to the open market and then make discrete buys as to not worry the market.&nbsp;&nbsp; In the case of Asian countries the rumor is that whenever a hit takes place on the Comex, they take advantage of it and stand for delivery of gold contracts.&nbsp;&nbsp; China has imported over 500 tons this year, and IMO, some of it came from this avenue.[/QUOTE]</p><p><br /></p>

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